MILWAUKEE—“Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers. This is happening all over our country. No more!” President-elect Donald Trump tweeted those threats on December 2, 2016. President Trump hasn’t been able to back them up—at least not yet. Rexnord is a small manufacturer of ball bearings. […]
Over the past four years, Dave Carlson has earned over 50,000 bitcoins. For those keeping score, 50,000 bitcoins are worth about $120 million at today’s prices. “And it would have been a lot more if I had started six months earlier,” Dave said. Dave got his start in the tech field as a software engineer […]
There’s an important card missing from your wallet… Like many people around the world, you likely use a credit or debit card from Visa, Mastercard, or American Express. These are private companies. But ultimately, they have to do what the U.S. government wants. That means your ability to use these cards—or for your business to […]
Editor’s Note: In today’s special guest essay, longtime PBRG friend Bill Bonner explains why the Fed will put out both eyes with a ballpoint pen before it will allow a return to honest finance… There was a time when central banking was an honest profession. Central bankers provided financing for the government. They backed the […]
Editor’s Note: Today, we have a special guest essay from our good friend Chris Mayer, editor of Chris Mayer’s Focus. Below, Chris shares how you can profit when other investors are uncertain. Remember when people used to say that when quantitative easing (QE) ended, the stock market would tank? Surely you haven’t forgotten about QE? […]
Tuesday, May 23, 2017 One of the World’s Best Investors Just Targeted This Company In the sports world, a “whale” is a superstar player who’s entering free agency. Teams hunt these valuable whales because they can change a franchise’s fortune. The investing world has its own whales, too. David Tepper is one of them. And […]
On June 20, 2011, Forbes wrote “So, That’s the End of Bitcoin Then.” On January 16, 2015, USA Today wrote “Bitcoin Is Headed to the ‘Ash Heap.’” On May 5, 2017, The Daily Reckoning wrote “The Death of Bitcoin.” Since 2011, bitcoin’s been declared dead at least 129 times. Newsletter writers, journalists, and academics have […]